Knowledge and understanding: - to know what microeconomics is and why is important; - to know how microeconomic models are used to explain consumers’ and producers’ behavior. Applying knowledge and understanding: -to know how to use graphs and simple mathematics to analyze simple economic problems; -to analyze the effects of change of exogenous variables and describe the adjustment process. Making judgements: -To be able to analyze and critically discuss the topics studied during the course. Communication skills -to present and discuss the main topics studied during the course using the appropriate terminology. Learning skill: -to possess the basic tools to go further in the study of economics.

No formal prerequisites; basics of general mathematics strongly recommended

Introduction: markets and prices -The basics of supply and demand -Producers, consumers, competitive markets - Price elasticity and surplus - Price control, taxes, subsidies, etc. Demand - Consumer behavior - Individual and market demand - Intertemporal choices, labour supply - Uncertainty and Consumer Behavior Supply - Production function - Production costs - Profit maximization - The analysis of competitive markets - Market structure and competitive strategy - Monopoly and monopsony - Price discrimination - Monopolistic competition and oligopoly - Market failure and the role of government General equilibrium and economic efficiency. Asymmetric information. Externalities and public goods.

-Browning Edgard K.; Zupan Mark A. MICROECONOMIA Teoria e applicazioni, Pearson, ultima edizione e -Pindyck R.S., Rubinfeld D. L., MICROECONOMIA, Pearson, ultima edizione Matteo Maria Cati, 2014 Eserciziario di microeconomia (sesta edizione) Esculapio Economia, Bologna Sildes and any further readings will be made available on Moodle.

Introduction: markets and prices -The basics of supply and demand -Producers, consumers, competitive markets - Price elasticity and surplus - Price control, taxes, subsidies, etc. Demand - Consumer behavior - Individual and market demand - Intertemporal choices, labour supply - Uncertainty and Consumer Behavior Supply - Production function - Production costs - Profit maximization - The analysis of competitive markets - Market structure and competitive strategy - Monopoly and monopsony - Price discrimination - Monopolistic competition and oligopoly - Market failure and the role of government General equilibrium and economic efficiency. Asymmetric information. Externalities and public goods

Lectures; exercises; brainstorming on case studies.

The teaching material and all relevant information will be made available on Moodle. Recordings will be available on Teams.

Written test will be composed by - open questions and/or multiple choices to test the understanding of the basic concepts and tools of microeconomics; - exercises to test the ability to solve simple problems/exercises.

This course explores topics closely related to one or more goals of the United Nations 2030 Agenda for Sustainable Development (SDGs)